The Finance Department, Gujarat on October 17, 2022 has issued a notification to remit the amount of tax at 10% out of total tax payable by a registered dealer on the turnover sales of the Compressed Natural Gas (CNG). This has come into force on October 17th/18th, 2022.
The goods are sold to the retail consumers for the purpose of using as fuel in vehicles, subject to the following conditions namely: -
• A tax of 5% of the sales of the goods (within the state) shall be collected by the selling dealer.
• The selling dealer cannot avail of remission of tax for inter-state and commerce.
• The selling dealer shall furnish all the details to the Assessing Authority.
[Notification No. GHN-72-VAT-10-2022-443-S.41(1)(20)-GST Cell]
